Aston Martin Lagonda Global (LON:AML) Shares Down 12% – Here’s What Happened

Aston Martin Lagonda Global Holdings plc (LON:AML) shares traded down 12% on Thursday . The company traded as low as GBX 93.50 ($1.19) and last traded at GBX 97 ($1.23). 18,402,646 shares traded hands during mid-day trading, an increase of 418% from the average session volume of 3,555,313 shares. The stock had previously closed at GBX 110.20 ($1.40).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 160 ($2.03) price target on shares of Aston Martin Lagonda Global in a research note on Wednesday, February 19th.

Aston Martin Lagonda Global Trading Down 11.7 %

The company has a market capitalization of £806.82 million, a price-to-earnings ratio of -1.72, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88. The firm has a fifty day moving average price of GBX 107.83 and a 200-day moving average price of GBX 119.68.

Aston Martin Lagonda Global (LON:AML) last released its quarterly earnings data on Wednesday, February 26th. The company reported GBX (34.80) (($0.44)) earnings per share for the quarter. Aston Martin Lagonda Global had a negative net margin of 21.42% and a negative return on equity of 48.19%. As a group, equities analysts anticipate that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS for the current year.

Insider Transactions at Aston Martin Lagonda Global

In related news, insider Michael de Picciotto acquired 1,714,340 shares of the stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of GBX 100 ($1.27) per share, for a total transaction of £1,714,340 ($2,174,178.82). 55.55% of the stock is owned by corporate insiders.

Aston Martin Lagonda Global Company Profile

Aston Martin’s vision is to be the world’s most desirable, ultra-luxury British brand, creating the most exquisitely addictive performance cars.

Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is acknowledged as an iconic global brand synonymous with style, luxury, performance, and exclusivity.